RiskReversal Pod The AI Arms Race: Capital Flows & Billion-Dollar Bluffs with CNBC's Deirdre Bosa + Shannon Murphy of iConnections
Nov 10, 2025
Deirdre Bosa, a tech reporter from CNBC, returns to discuss the evolving landscape of AI, including market booms and threats from China's AI advancements. She examines collaborations among tech giants like Apple and Google, and the competitive race for AI supremacy. Joining her, Shanon Murphy from iConnections shares insights on capital flows and how her unique background in theology informs her approach to finance. They delve into investor behavior, global allocation trends, and the implications of rapid tech developments on the market.
AI Snips
Chapters
Books
Transcript
Episode notes
AI Shine Is Coming Off
- The AI market's shine has faded and bubble talk entered the mainstream over recent months.
- Massive capex enthusiasm cooled as investors grew more discerning about returns and risks.
China's Open Models Threaten Global Lead
- Chinese AI models are open source, cheaper, and 'good enough' for many global users.
- This creates a digital belt-and-road effect where rest-of-world adoption may favor Chinese models.
Training Versus Inference Hardware Split
- NVIDIA dominates training, but inference opens more hardware alternatives like Google TPUs.
- Competition exists but NVIDIA retains a structural lead for large-scale training workloads.
